how bank loan works

Discussion in 'Off-Topic' started by RRITESH KAKKAR, Jan 14, 2016.

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  1. RRITESH KAKKAR

    Thread Starter Senior Member

    Jun 29, 2010
    2,831
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    Hello,
    If someone take loan.
    How to find the calculation for some amount?
    How the interest at some rate apply?
     
  2. nerdegutta

    Moderator

    Dec 15, 2009
    2,515
    785
    Hi,

    the best answer you can get will be if you send an e-mail to this address:
    [​IMG]

    They do this for a living... :)
     
    RRITESH KAKKAR likes this.
  3. RRITESH KAKKAR

    Thread Starter Senior Member

    Jun 29, 2010
    2,831
    89
    How to calculation?
    how you get the email?
     
  4. nerdegutta

    Moderator

    Dec 15, 2009
    2,515
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    I wrote "Bank of India" in Googles search field. Then I clicked the Contact Us in the top right corner. In the middle of the page that came up, I found the e-mail address.
     
  5. RRITESH KAKKAR

    Thread Starter Senior Member

    Jun 29, 2010
    2,831
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    I forgot same the image while at that movement email is not working
    do you think they will reply?
     
  6. nerdegutta

    Moderator

    Dec 15, 2009
    2,515
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    It all depends on what you wrote, but I think they'll reply. Although I don't know what they will reply. We just have to wait and see.
     
  7. RRITESH KAKKAR

    Thread Starter Senior Member

    Jun 29, 2010
    2,831
    89
    the email adr not work.
     
  8. nerdegutta

    Moderator

    Dec 15, 2009
    2,515
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    Then perhaps you should call them?

    Or fill out the form that says: May we reach you?
    BOI.jpg
     
  9. RRITESH KAKKAR

    Thread Starter Senior Member

    Jun 29, 2010
    2,831
    89
    but i need simple solution if some one take amount X for y year and r interest.
     
  10. profbuxton

    Member

    Feb 21, 2014
    233
    68
    use a financial calculator or go to a financial adviser.
     
  11. nerdegutta

    Moderator

    Dec 15, 2009
    2,515
    785
    Then you need to use Google, and search for "How to calculate interest" or something like that.
     
  12. OBW0549

    Well-Known Member

    Mar 2, 2015
    1,308
    884
    Google "how to calculate loan payments" and you'll get all the information you need.
     
    JohnInTX likes this.
  13. RRITESH KAKKAR

    Thread Starter Senior Member

    Jun 29, 2010
    2,831
    89
    Actually i have taken education loan but i don't know the calculation done by them
    it is nearly 2.72lakh it will increase with time.
     
  14. RRITESH KAKKAR

    Thread Starter Senior Member

    Jun 29, 2010
    2,831
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    sometime i think i can't solve small question how will i pay back the loan?
     
    DickCappels likes this.
  15. RRITESH KAKKAR

    Thread Starter Senior Member

    Jun 29, 2010
    2,831
    89
  16. RRITESH KAKKAR

    Thread Starter Senior Member

    Jun 29, 2010
    2,831
    89
    Not getting this..

    upload_2016-1-14_18-50-58.png
     
  17. ISB123

    Well-Known Member

    May 21, 2014
    1,239
    527
    By getting a job and sending the predetermined rate of money to the bank.
     
  18. RRITESH KAKKAR

    Thread Starter Senior Member

    Jun 29, 2010
    2,831
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    I am not getting job
     
  19. R!f@@

    AAC Fanatic!

    Apr 2, 2009
    8,750
    759
    Then you will be paying the loan for the rest of ur life.
    Is your job being in AAC
     
  20. #12

    Expert

    Nov 30, 2010
    16,262
    6,769
    Thank you for describing your personal values.
     
    GopherT likes this.
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